Market Research Future (MRFR) has published a cooked research report on the “Global Water Treatment Polymers Market”
that contains information from 2018 to 2032. The Water Treatment Polymers market is estimated to register a CAGR of 6.90% during the forecast period of 2023 to 2032.
MRFR recognizes the following companies as the key players in the global Water Treatment Polymers market— Ashland, Arkema, BASF SE, CP Kelco US Inc., DuPont, Gantrade Corporation, Kemira, Kuraray Co. Ltd, Merck KGaA, Mitsubishi Chemical Corporation, Nouryon, Polysciences Inc., SNF Group, and Sumitomo Seika Chemicals Company.
Water Treatment Polymers Market Highlights
The global Water Treatment Polymers market is accounted to register a CAGR of 6.90% during the forecast period and is estimated to reach USD 76.2 Billion by 2032.
As the demand for clean, potable water rises, the market for water treatment polymers is expanding significantly on a global scale. These polymers are commonly utilised to improve coagulation, flocculation, and sedimentation in a variety of water treatment procedures. Market expansion is being driven by strict regulations and the demand for effective water treatment solutions.
Segment Analysis
The global water treatment polymers market has been segmented based product type, application, and end user.
On the basis of product type, the market is segmented into Polyacrylamides, Polyacrylates, and Quaternary Ammonium Polymers. Polyacrylamides segment dominated the global market in 2022. This is due to the constantly rising need for flocculant, which is employed by a wide range of end-users in sectors like semiconductors, oil & gas, and mining & metals.
Based on application, the global water treatment polymers market has been segmented into Preliminary Treatment, Water Treatment, and Sludge Treatment. Preliminary treatment segment dominated the global market in 2022. This is due to an increase in government initiatives to provide businesses and the general public with clean and safe water.
Based on end user, the global water treatment polymers market has been segmented into Residential Buildings, Commercial Buildings, Municipality, and Industrial. Industrial segment dominated the global Water Treatment Polymers market in 2022. This is due to the speeding up of industrialization and the rising need for power plants to enhance their output capacity, which will probably result in an increase in the demand for water treatment for things like steam generation and cooling towers.
Regional Analysis
The global Water Treatment Polymers market, based on region, has been divided into the North America, Europe, Asia-Pacific, and Rest of the World. North America consists of US and Canada. The Europe Water Treatment Polymers market comprises of Germany, France, the UK, Italy, Spain, and the rest of Europe. The Water Treatment Polymers market in Asia-Pacific has been segmented into China, India, Japan, Australia, South Korea, and the rest of Asia-Pacific. The Rest of the World Water Treatment Polymers market comprises of Middle East, Africa, and Latin America.
The North America Water Treatment Polymers Market dominated this market in 2022 (45.80%). An increase in demand from the oil and gas industry is to blame for this. Drilling, well completion, production, and better oil recovery are some of the operations that are principally responsible for the oil and gas industry's expanding demand for these materials. While the United States continues to progress fracking technology, driving regional market expansion, it is projected that the enhanced oil recovery technique will play a significant role in oil and gas extraction activities. Since these polymers offer greater customizability than other injection fluids used in enhanced oil recovery, growing demand from the oil and gas industry is anticipated to propel market expansion.
Moreover, in 2022, the Europe Water Treatment Polymers market held a sizable market share. The industry's rising need for detergent and personal care items is to blame for this. Commercial liquid laundry detergents and liquid dishwashing preparations contain water soluble polymers. As people's awareness of the advantages of maintaining personal hygiene during the COVID-19 pandemic grows, the need for detergent products is projected to increase, which will propel the market growth for water soluble polymers.
Additionally, from 2023 to 2032, the Asia Pacific Water Treatment Polymers market is anticipated to grow significantly. The municipal and industrial wastewater treatment sector will increase as a result of escalating environmental concerns and investments made by business and governmental entities to halt ecological degradation. For instance, China plans to invest USD 18.5 billion more in rural wastewater treatment systems during their 14th five-year plan (2021-2025) than they did during their 13th five-year plan (2015-2020), which was followed by an investment of USD 80.7 billion in urban wastewater treatment systems. China is a major producer and consumer of water soluble polymers. The demand for polymers like polyacrylamide in the area is likely to rise given that the wastewater treatment industry is predicted to expand over the course of the forecast period. A typical flocculating and coagulating ingredient in wastewater treatment is polyacrylamide.
Furthermore, the rest of the world's Water Treatment Polymers market is divided into the Middle East, Africa, and Latin America. Latin America's population expansion, urbanisation, and industrialization are driving the region's water treatment polymers market's steady growth. The need for water treatment polymers is increasing in Latin America, especially in industries like municipal water treatment, industrial wastewater treatment, and oil and gas, as a result of strict environmental restrictions and the need for sustainable water treatment solutions.
Key Findings of the Study
- The global Water Treatment Polymers market is expected to reach USD 76.2 Billion by 2032, at a CAGR of 6.90% during the forecast period.
- The Asia-Pacific region accounted for the fastest-growing global market Due to growing environmental concerns and expenditures from corporate and governmental parties to stop ecological damage, the municipal and industrial wastewater treatment sector will expand.
- Based on end user, the industrial segment was attributed to holding the largest market in 2022.
- Ashland, Arkema, BASF SE, CP Kelco US Inc., DuPont, Gantrade Corporation, Kemira, Kuraray Co. Ltd, Merck KGaA, Mitsubishi Chemical Corporation, Nouryon, Polysciences Inc., SNF Group, and Sumitomo Seika Chemicals Company.
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Companies Covered | 15 |
Pages | 128 |
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